Turkey’s Eksim Group has signed a 68 million-euro ($94 million) lease for turbines to be used in two wind-power projects it is developing in the country’s north.
The agreement with the Turkish bank Yapı Kredi marks the largest lease financing in Turkey’s clean energy sector to date, according to a statement on Yapı Kredi’s website. The bank purchased the turbines from Germany’s Nordex.
The lease runs for 10 years, with a two-year extension option. When it runs out, Eksim will pay a “symbolic fee” to assume ownership of the equipment, Eksim’s deputy chief executive officer Ekrem Yıldırım wrote in an e-mail Thursday.
The two 40-megawatt wind projects are in the Amasya and Tokat regions and require investment of 84 million euros, the bank said in the statement.
Construction is under way at both sites. The Amasya project is expected to go live in the third quarter of 2011, and the Tokat wind farm should begin operation the next quarter, Yıldırım said.
Eksim has seven licensed wind projects in the works and applications pending for 13 more, he said. The company eventually plans to have 1.2 gigawatts of wind capacity.
Eksim Group is mainly active in renewable energy, real estate & construction, mining, food and commodity trading. It also has investments in other countries, such as Kazakhstan and the Ukraine.
Reference :
http://www.hurriyetdailynews.com/n.php?n=eksim-signs-huge-wind-turbine-lease-deal-2010-11-11
The agreement with the Turkish bank Yapı Kredi marks the largest lease financing in Turkey’s clean energy sector to date, according to a statement on Yapı Kredi’s website. The bank purchased the turbines from Germany’s Nordex.
The lease runs for 10 years, with a two-year extension option. When it runs out, Eksim will pay a “symbolic fee” to assume ownership of the equipment, Eksim’s deputy chief executive officer Ekrem Yıldırım wrote in an e-mail Thursday.
The two 40-megawatt wind projects are in the Amasya and Tokat regions and require investment of 84 million euros, the bank said in the statement.
Construction is under way at both sites. The Amasya project is expected to go live in the third quarter of 2011, and the Tokat wind farm should begin operation the next quarter, Yıldırım said.
Eksim has seven licensed wind projects in the works and applications pending for 13 more, he said. The company eventually plans to have 1.2 gigawatts of wind capacity.
Eksim Group is mainly active in renewable energy, real estate & construction, mining, food and commodity trading. It also has investments in other countries, such as Kazakhstan and the Ukraine.
Reference :
http://www.hurriyetdailynews.com/n.php?n=eksim-signs-huge-wind-turbine-lease-deal-2010-11-11
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